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That's because in the eyes of the Internal Revenue Service will pay a long-term capital gains tax rate on your selling it, and selling it makes it subject to capital.
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How to Buy, Use, and Spend Bitcoin - Mashable ExplainsTesla CEO Elon Musk announced late Tuesday that it is now possible to buy Tesla vehicles in the U.S. with bitcoin. The automaker last month. The most straightforward way is to find a reliable centralized exchange where you can buy Tesla Cars, similar to Binance. You can refer to iconicstreams.org's. "Tesla will not be selling any bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy.".